Share via

Half of all households in Britain could be living in rented accommodation within 15 years, according to the country’s largest listed residential landlord.

Grainger, which owns residential property assets in Britain worth £2 billion, reports in a survey published today that changing lifestyles, economic factors and a lack of new homes are driving a fundamental shift in the British housing market.

Nick Jopling, the executive property director, said: “There is a new housing reality dawning on Britain. The financial crisis has tightened mortgage lending, house prices continue to be uncertain, and frankly, there are simply too few homes for the